Victrix Investment Advisors Purchases 1,722 Shares of Lockheed Martin Corporation $LMT

Key Points

• Victrix Investment Advisors increased its stake in Lockheed Martin Corporation by 20.2%, holding a total of 10,267 shares worth approximately $4.76 million.
• Lockheed Martin reported a quarterly EPS of $7.29, which exceeded analysts' estimates, alongside a revenue of $18.16 billion.
• Institutional investors own approximately 74.19% of Lockheed Martin's stock, indicating strong interest from hedge funds and institutions.

Victrix Investment Advisors increased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,267 shares of the aerospace company's stock after acquiring an additional 1,722 shares during the quarter. Lockheed Martin comprises 2.1% of Victrix Investment Advisors' holdings, making the stock its 13th biggest position. Victrix Investment Advisors' holdings in Lockheed Martin were worth $4,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the first quarter worth $31,000. EQ Wealth Advisors LLC purchased a new position in Lockheed Martin during the first quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the first quarter valued at $45,000. McIlrath & Eck LLC lifted its stake in shares of Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after buying an additional 66 shares in the last quarter. Finally, Dagco Inc. purchased a new position in shares of Lockheed Martin in the first quarter worth about $50,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $499.10 on Wednesday. The firm's fifty day simple moving average is $451.05 and its 200-day simple moving average is $460.03. The stock has a market capitalization of $116.52 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.73 and a beta of 0.26. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. UBS Group lowered their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $494.00.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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